Presented below is an aging schedule for Windsor, Inc. at December 31, 2021. Number of Days Past Due Not Over 90 Customer Total Yet Due 1-30 31-60 61-90 Aneesh $ 22,500 $10,500 $12,000 Bird 34,000 $34,000 Cope 57,900 6,000 6,800 $45,100 DeSpears 33,400 $33,400 Others 126,400 95,000 16,800 14,600 $274,200 $135,000 $34,100 $26,600 $45,100 $33,400 Estimated percentage uncollectible 3% 7% 12% 24% 60% Total estimated uncollectibles $ 40,493 $ 4,050 $ 2,387 $ 3,192 $ 10,824 $20,040 At December 31, 2021, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $13,100.

Presented below is an aging schedule for Windsor, Inc. at December 31, 2021. Number of Days Past Due Not Over 90 Customer Total Yet Due 1-30 31-60 61-90 Aneesh $ 22,500 $10,500 $12,000 Bird 34,000 $34,000 Cope 57,900 6,000 6,800 $45,100 DeSpears 33,400 $33,400 Others 126,400 95,000 16,800 14,600 $274,200 $135,000 $34,100 $26,600 $45,100 $33,400 Estimated percentage uncollectible 3% 7% 12% 24% 60% Total estimated uncollectibles $ 40,493 $ 4,050 $ 2,387 $ 3,192 $ 10,824 $20,040 At December 31, 2021, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $13,100.

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter15: Managing Short-term Assets

Section: Chapter Questions

Problem 7PROB

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